Forester company has five products in its inventory. information about the december 31, 2021, inventory follows.

product quantity unit cost unit replacement unit selling price
a 900 $ 29 $ 31 $ 35
b 900 34 30 37
c 900 22 21 27
d 900 26 23 25
e 1,000 33 31 32

the cost to sell for each product consists of a 20 percent sales commission. the normal profit for each product is 40 percent of the selling price. required:
(1) determine the carrying value of inventory at december 31, 2021, assuming the lower of cost or market (lcm) rule is applied to individual products.
(2) determine the carrying value of inventory at december 31, 2021, assuming the lcm rule is applied to the entire inventory.
(3) assuming inventory write-downs are common for forester, record any necessary year-end adjusting entry based on the amount calculated in requirement 2.

Grace period is a period of time before the credit card company starts charging late fees.truefalse

Transactions on april 1 of the current year, andrea byrd established a business to manage rental property. she completed the following transactions during april: opened a business bank account with a deposit of $45,000 from personal funds. purchased office supplies on account, $2,000. received cash from fees earned for managing rental property, $8,500. paid rent on office and equipment for the month, $5,000. paid creditors on account, $1,375. billed customers for fees earned for managing rental property, $11,250. paid automobile expenses for month, $840, and miscellaneous expenses, $900. paid office salaries, $3,600. determined that the cost of supplies on hand was $550; therefore, the cost of supplies used was $1,450. withdrew cash for personal use, $2,000. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300)

How has internet access changed and affected globalization from 2003 to 2013? a ten percent increase in internet access has had little effect on globalization. a twenty percent decrease in internet access has had little effect on globalization. a thirty percent increase in internet access has sped up globalization. a fifty percent decrease in internet access has slowed down globalization.